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Thank you for visiting the ACAMS Chicago Chapter website! The Chapter was launched on September 11, 2008 with our inaugural event and since then, we’ve had a wide range of workshop events to provide a local forum for the professional development and networking of our members. See below for both upcoming and previous event information. Our members come from a wide range of industry areas involved in the anti-money laundering field such as banks, broker-dealers, MSBs, consultants, regulators, etc. So if you haven’t joined, don’t wait…it’s easy and inexpensive – Chapter workshops are free to our members.

ACAMS Chicago Chapter Double Session Event

Speakers

ACAMS Chicago Chapter Double Session Event on 7-11-17 at the Chicago-Kent College of Law

July 11, 2017

On July 11, 2017 (Tuesday morning), the ACAMS Chicago Chapter together with the Chicago-Kent Institute for Compliance in Financial Markets will be hosting a double session workshop. The first session will discuss effective management of sanction programs in 2017 and the second session will present how new customer identity verification techniques could be used to create a single identity.

We thank Chicago-Kent Institute for Compliance in Financial Markets for hosting this event

Documentation Management, including Policy, Procedure and Standards Documentation as well as Reporting

How to build a sustainable sanctions program, leveraging KRIs and KPIs for monitoring, and understanding best practices to continue the evolution of your program

Michael Brown, Vice President of Strategy for CSI Regulatory Compliance will present: “What’s In A Name: Using New Customer Identity Verification Techniques to Create a Single Identity” that will include the following:

Using predictive analytics to manage ongoing customer risk with alerts based on risk attributes and data flows

ACAMS Chicago Chapter Double Session Event on 3-9-17 at the Chicago-Kent College of Law

March 9, 2017

On March 9, 2017 (Thursday morning), the ACAMS Chicago Chapter together with the Chicago-Kent Institute for Compliance in Financial Markets will be hosting a special workshop examining bitcoin and blockchain technology. The workshop will consist of several lively and interactive panel discussions featuring perspectives from bitcoin entrepreneurs, banks, regulators, and AML compliance professionals.

It’s been over 8 years since Satoshi Nakamoto released a whitepaper that ultimately launched the multi-billion dollar bitcoin and blockchain industry. Yet today, misunderstandings and misperceptions about these innovations persist, even among the most seasoned banker and compliance professional. In that time, we’ve witnessed wild price swings, regulatory enforcement actions, wholesale de-risking, and even debates about the future of banking. Bottom line: bitcoin, blockchain, and alternative digital currencies are here to stay. As compliance professionals, we need to stay informed and on top of developments in this exciting and continuously evolving space.

We thank Chicago-Kent Institute for Compliance in Financial Markets for hosting this event.

Speakers

Jennifer O’Rourke, Illinois Blockchain Business Liaison and the Assistant Deputy Director of the Office of Entrepreneurship, Innovation & Technology at the Illinois Department of Commerce

On November 22, 2016 (Tuesday), the ACAMS Chicago Chapter together with the Federal Reserve Bank of Chicago will be hosting a double session workshop. The first session will be a DEA perspective on Narcotics Money Laundering Trends and Cases and the second session highlights Cyber Currency / Cybercrimes and Money Laundering as presented by the SEC.

Speakers

Mark Giuffre, USDOJ DEA, Assistant Special Agent in Charge
Mark Giuffre will share a ‘Narcotics Money Laundering’ presentation that examines Trends, Methods and actual Money Laundering cases charged in DEA investigations in the Chicago area and worldwide. The presentation will also highlight how SARs do actually result in successful follow up in criminal investigations.

David Glockner, Regional Director of the U.S. Securities and Exchange Commission (and former federal prosecutor)
David Glockner will discuss the nature and evolution of digital currency, its treatment by the courts, its relevance to cybercrime and money laundering, and the challenges and opportunities posed by expanded use of digital currency and its underlying blockchain technology.

ACAMS Chicago Chapter Double Session Event at RSM US LLP

September 16, 2016

ACAMS Chicago Chapter double session event at RSM US LLP’s downtown Chicago office featured industry experts covering the new CDD Rule and providing additional clarity and perspective. First session speakers Nick Mustafa, Director, Risk Advisory Services at RSM US LLP and Adam R. Johnson, Senior Associate, Risk Advisory Services at RSM US LLP walked through the new CDD Rule core elements, including covered FIs, the beneficial ownership prongs, thresholds, certification form, excluded entities, and much more. The interactive Q & A with the speakers during and after the session was extremely insightful. The second session speaker Tom Berkovitch, Director of Product Marketing, AML Solutions at NICE Actimize, discussed how FinCEN’s new CDD Rule is affecting institutions by sharing results from Nice Actimize’s 2016 CDD / KYC market survey. Tom highlighted the challenges, priorities, and best practices from the survey.

Presentation material from the sessions has been posted for your reference.

ACAMS Chicago Chapter Double Session Event

On May 26, 2016 (Thursday), the ACAMS Chicago Chapter together with TransUnion will be hosting a double session workshop. The first session will focus on Synthetic Identity Fraud. The second session will cover Enforcement Trends in Human Trafficking.

ACAMS Chicago Double Session Event

The ACAMS Chicago Chapter will be hosting a double session workshop. The first session will focus on BSA/AML risk assessment and data analytics and the second session will cover Tax Refund Fraud.

Speakers

Michael Lammie, Director, PricewaterhouseCoopers

Michael is a Director in PwC’s Financial Crimes Assurance Practice with a specialization in the use of visual and advanced analytics to support risk and compliance programs. He works with clients to better leverage data and analytics to conduct risk assessments, design surveillance controls, optimize surveillance models, improve operations, and generally improve data-driven decision-making. Prior to joining PwC, Michael led the Data Analytics program within Legal and Audit at Goldman Sachs and served Financial Services clients as a consultant with AlixPartners and Ernst & Young. Michael holds a BS in Computer Engineering from the University of Notre Dame.

Jordan Scheid, Special Agent, IRS-Criminal Investigation

Jordan has been an IRS-CI Special Agent since 2011. He has worked investigations involving tax evasion, fraudulent return preparers, sovereign citizens submitting false claims against the government, and identity theft. Jordan is the Identity Theft Coordinator for the Chicago Field Office and provides support to local and state law enforcement and other federal agencies in their identity theft investigations.

Carrie Martinek, Special Agent, IRS-Criminal Investigation

Carrie has been an IRS-CI Special Agent since 2012, and prior to that she was a Revenue Agent since 2009. She is a Certified Fraud Examiner. She has worked investigations involving tax evasion, money laundering, fraudulent return preparers, and identity theft. Carrie is the Identity Theft Coordinator backup for the Chicago Field Office and provides support to local and state law enforcement and other federal agencies in their identity theft investigations.

On December 17, 2015, the ACAMS Chicago Chapter will feature a panel discussion with Industry Leaders about the continued advancement of financial services technology (“FinTech”) followed by a member appreciation social – with various hors d’oeuvres.

Speakers

ACAMS Chicago Chapter Double Session

August 25, 2015

On August 25, 2015 (Tuesday), the ACAMS Chicago Chapter will be hosting a double session workshop. The first session is a discussion about “OFAC/Sanctions Compliance in 2015: Policies, Procedures and Best Practices can Prevent Penalties.” The second session will focus on “Quds Force.”

Mr. White has licensed AML and Sanctions Interdiction Software to over 1000 financial institutions since he started working in the banking compliance arena in 1994. He is an expert on OFAC and sanctions issues and has addressed OFAC and BSA topics at conferences throughout the United States. Mr. White has published articles in the ABA Bank Compliance Magazine, ACAMS Today and Western Banking Magazine. He is a current member of ACAMS’ Certification Exam Task Force. Mr. White was a member of a working group formed by the United Nation’s Al-Qaida Taliban Sanctions monitoring team pursuant UNSCR 1735 in 2007.

Overview – 1st Session:

Hard questions that compliance officers, auditors and examiners are asking about OFAC/Sanctions Compliance. How do you update the bank’s risk based OFAC/Sanctions program? How do you address the increased complexities within the latest sanctions programs enforced by OFAC? What are the examiners looking for within an OFAC program? What are the best practices? What risks have changed? What lists need to be checked? Why are the enforcement actions and penalties so large? Lastly, what are the lessons to be learned from others OFAC mistakes?

(GECA) Financial Crimes Compliance Program. Prior to joining GECA, Kirk, as a U.S. Drug Enforcement Administration (DEA) Supervisory Special Agent, was the founding Director of the Afghanistan Threat Finance Cell (ATFC), a United States National Security Council initiative to track funding to the Taliban and other terrorist organizations and to track corruption within the Afghan Government. He spent a total of twenty-three years with the DEA, serving fourteen years in Southeast and Southwest Asia and nine years in domestic assignments in Chicago, Illinois and Washington, D.C.

Overview – 2nd Session:

With the possibility of sanctions relief for Iran, many global companies are eagerly anticipating access to a long untapped and valuable market, as well as joint venture opportunities. Unfortunately, even if there is sanctions relief, Iran will remain a high risk jurisdiction because of its support for terrorist organizations. Iran’s Quds Force, a special forces unit – that is a designated terrorist organization – promotes Iranian overseas national security objectives. The Quds Force provides material support and guidance to terrorist groups like Lebanon-based Hezbollah. Besides promoting Iran’s national security interests, the Quds Force is involved in a number of key industries, such as construction and shipping. For businesses interested in entering the Iranian market, an understanding of the Quds Force and its business interests will be essential for making future risk-based decisions. This presentation will provide an overview of the Quds Force and its involvement in the Iranian economy.

ACAMS Chicago Chapter Double Session Event on 5-12-15 at BMO Harris

May 12, 2015

Presentation material from the sessions has been posted for your reference:

ACAMS Chicago Chapter double session event at Wells Fargo Bank, N.A.’s Downtown Chicago office was sponsored by Wells Fargo and Thomson Reuters and featured industry experts for sessions covering understanding the risk and rewards of MSBs and identity theft. Our panel of five leading MSB experts talked about the various types of MSBs, sources of revenue for banks that service MSBs, IRS examinations of MSBs, and more. Our first session panelists included the following:

For our second session, the Holiday Season was upon us with ‘Tis the season, don’t let fraudsters and identity theft rings put the bah-humbug in your company’s holiday! Our speaker Amanda DuPont, Esq., Public Records Product Specialist at Thomson Reuters discussed the latest about identity theft rings and the tools that can help you effectively investigate and navigate through this growing problem.

Presentation material from the sessions has been posted for your reference:

Pictured immediately below is Dan Hoyer President, Optimized Compliance Solutions, LLC along with the panel of MSB industry leaders during the first session. The next picture further below is Amanda DuPont, Esq., Public Records Product Specialist at Thomson Reuters speaking at the second session.

The first session provided an assessment of the current situation, challenges and impact that State licensed medical marijuana cultivators and dispensaries are facing with the lack of banking services. Both pros and cons were covered along with the legal requirements and regulatory expectations. The second session was a discussion of mobile technology integrated with banking that is transforming the developing world where almost 3 billion people are without ready access to financial services. In addition, the World Bank estimated that in 2013 there were approximately 232 million international migrant workers who remitted an estimated 542 billion dollars to their home countries, approximately 412 billion of this going to the developing world. The number of these international migrant workers and the amount of remittances to their home countries are expected to continue to grow in the future with globalization and advances in technology. The presentation examined mobile finance systems such as Afghanistan’s M-Paisa, Kenya’s M-Pesa, the Philippines’ Globe G-Cash, South African’s Wizzit and also talked about what’s the future of mobile international remittances and whether or not they pose AML and terrorist finance risks.

Presentation material from the sessions has been posted, including the survey results:

Our guest speakers, Special Agents from Homeland Security Investigations, presented an overview about Project Cornerstone, an enforcement initiative that identifies and eliminates vulnerabilities within U.S. financial, trade, and transportation sectors that could be exploited by criminal organizations. Also discussed was Project STAMP, (Smugglers and Traffickers Assets, Monies and Proceeds) which was developed to target human smuggling and human trafficking from an aggressive anti-money laundering stance. The Presentation included case studies of actual investigations worked by HSI.

Things Your Mother Never Told You About Prepaid Cards

March 19, 2014

Our guest speakers from Alvarez & Marsal (Craig D. Stone, Managing Director, Donna DeMartino, Senior Director & Theresa Baker-Smith, Director) provided a thorough review and analysis of prepaid cards, including regulatory focus and monitoring. Their presentation covers it in detail and if you need to follow up on a question with them, their contact information is at the end of the PP.

AML Testing, Techniques and Trends

Banking & Cyber Security

Terrorism Investigation – A Law Enforcement Perspective

Unconventional Systems and Risks to Your Institution – A Closer Look at Social Networks and Hawalas

May 7, 2013

Event Topic: BSA/AML Look Backs: Everything you Wanted To Know But Are afraid to Ask

March 21, 2013

A Panel Discussion about the New SAR – Are you Prepared?

February 28, 2013

Jack Oskvarek, CAMS, AMLP
Chair
Wintrust Financial Corporation

Jack Oskvarek, Senior Vice President BSA Executive Director for Wintrust Financial Corporation, a $25 billion holding company for 15 separately chartered banks and six non-bank subsidiaries, is responsible for enterprise-wide AML/BSA/OFAC functions. Jack’s experience includes building and leading comprehensive AML FIUs, implementing innovative management dashboard reporting, establishing detailed EDD programs, improving investigatory processes, and refining transaction monitoring systems. Jack has extensive experience at all levels of BSA/AML compliance, including being called on to navigate through regulatory actions. His professional experience also includes founding the ACAMS Chicago Chapter, which under his leadership received the 2011 worldwide Chapter of the Year Award, and continues to serve as Chair. He has served as a member of the ACAMS Audit Review Board, ACAMS Education Task Force, ACAMS Chapter Steering Committee and the ACAMS Vegas Conference Task Force. Jack regularly participates on panels and webinars such as the ACAMS Annual AML & Financial Crime Conference in Las Vegas, ACAMS moneylaundering.com International AML & Financial Crime Conference in Hollywood FL, and the ABA AML National Conference in Washington D.C. Recently, he received the 2016 ACAMS Al Gillum Volunteer of the Year award and the Leadership Excellence Award from the National Diversity Council.

Kimberly Barnes is a Vice President in the Commercial Banking Regulatory Operations group. Kimberly oversees the AML/KYC Regulatory Program Exam Engagement Preparation and Management team and acts as primary liaison for all AML-related audits, compliance/GFCC tests, US and foreign regulatory exams. During her time at JPMorgan, Kimberly has held several positions in the Compliance and AML/KYC space. Most recently, she was a Compliance Manager in Commercial Banking providing compliance oversight and advisory support to CB’s Wholesale Lending Services and International Banking. Prior to joining JPMorgan Chase, Kimberly worked for Crowe Horwath as a manager in the firm’s AML consulting practice. While there, Kimberly focused on transaction monitoring and money laundering investigations. Kimberly has acted in the Quality Control function for multiple areas of the investigative process including analysis, investigation, and Suspicious Activity Report preparation. Kimberly has also been involved in the creation of Financial Intelligence Units within financial institutions. Kimberly earned a degree in Finance from the University of Illinois in Champaign, an MBA from Northwestern University’s Kellogg School of Management and is a Certified Anti-Money Laundering Specialist (CAMS).

Fredia Wynne is a Lead Risk Management Specialist with the Federal Reserve Bank of Chicago. She has over 25 years of experience in the financial services industry. Prior to joining the Federal Reserve Bank, she was the BSA Officer for a U.S. payments processing company, where she and her team were responsible for the implementation of the AML and OFAC compliance programs including, risk assessments; policies and procedures; quality assurance testing; suspicious activity reporting; and AML training. She also worked at Bank of America for 20 years in various capacities, including Senior Compliance Relationship Manager providing BSA/AML compliance support to the wholesale side of the business and the Bank’s broker-dealer, and Senior Auditor covering the retail bank.

Fredia holds a B.S. degree in Accounting from the University of Illinois at Chicago. She is a Certified Public Accountant (CPA) and has attained the Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), and Certified Risk Professional (CRP) designations.

With 11+ years of experience in the Anti-Money Laundering field Matt is a dedicated AML professional whose career has been focused in FIU investigations including the detection, investigation and reporting of suspicious activity. Matt has conducted thousands of investigations of varying complexity related to all manner of financial crime. In 2005 he received training by IRS Criminal Investigation special agents while working as a charter member of a project team that helped build out the FIU and BSA/AML Department at Mid America Bank (Now PNC Bank). Matt obtained his CAMS designation in 2007 and has been an active member of the ACAMS Chicago Chapter since its founding and was a board member of the chapter when it received the ACAMS ‘Chapter of the Year’ award in 2011. Investigations have resulted in the filing of over 2,000 Suspicious Activity Reports (SARs) to FinCEN. SAR filings have resulted in federal law enforcement investigations including successful prosecutions of individuals for civil and criminal financial crimes. At MB Financial Bank he has been a highly productive senior investigator assisting in the training of new FIU personnel with no experience who have become proficient and competent investigators. Matt has been involved in systems training, alert tuning, regulatory exam data collection, and Quality Assurance peer review work. In October 2011 Matt co-presented at a full day ACAMS seminar entitled ‘Coordinating Effective AML Investigations: Law Enforcement Methodologies & Private Sector Techniques’. The lead presenter was Dennis Lormel (Former head of FBI Terrorism Asset Tracking Division Post-9/11). Recently Matt was designated as the most experienced team member in a new ‘Special Investigations Unit’ within the Financial Crimes Risk Management Division Financial Intelligence Unit.

Teri Downey is a senior- manager in the Wipfli Regulatory Compliance Division of the Financial Institutions Group. Teri has over 15 years of experience in internal audit and regulatory compliance consulting for financial institutions ranging in size from $40 million in assets to over $10 billion. Teri’s internal audit experience is focused in commercial, real estate and consumer lending, while her compliance experience includes BSA/AML and OFAC, retail, mortgage and commercial lending, HMDA/CRA, deposit and retail operations regulations, Regulation O and GLBA/Privacy. Teri graduated from Rockford University with a Bachelor of Science degree in Accounting. Teri is a Certified Anti-Money Laundering Specialist (CAMS) as well as a Certified Regulatory Compliance Manager (CRCM), a Certified Financial Services Auditor (CFSA), and a Fiduciary & Investment Risk Manager (FIRM).

Paulina has over 11 years of experience in the financial and banking industry. Since 2007, Paulina has held numerous roles in the AML field from Analyst to Team Lead and has held roles in AML governance, testing/QA and oversight since 2010. In her current role, she is tasked in designing and implementing the process for governance and oversight activities for risk assessments and new initiatives and provides assistance to the Lines of Business within the US Personal and Commercial group at BMO Harris Bank as part of the AMLRO office. Paulina previously worked at MidAmerica Bank (currently PNC), Park National Bank (currently US Bank), and GE Capital. Paulina graduated from the University of Illinois at Chicago in 2005 with a Bachelor’s degree in Criminal Justice.

Greg LeMond is an Executive at Crowe Horwath LLP and is the firm-wide solution owner for AML Investigations & Reporting and AML Lookbacks. He has been a Project Manager on some of the firm’s largest projects including assisting institutions that have been under enforcement actions or regulatory scrutiny. His multi-disciplinary projects have included exam response management, AML Lookbacks, AML Risk Assessments, financial intelligence unit development, transaction monitoring optimization and risk-based customer due diligence. Greg’s most recent project success included assisting the bank with successful compliance to an enforcement action. Greg has presented on several AML topics including an on-line webinar on Lookback Execution and Approach.

Krzysztof (Kris) is a BSA/OFAC Officer at Wintrust Financial Corporation. He is leading a team responsible for OFAC-related activities across the organization. Before joining Wintrust he worked at several financial institutions in the Chicagoland area and also managed AML teams at subsidiaries of global financial institutions in Poland. He has been instrumental in key AML Department build-outs and look backs. He has worked in retail banking, loss prevention and in the last 11 years has been focusing on AML. He graduated with a double Polish/American Bachelor’s Degree in Business Administration and also a Polish Master’s Degree in Strategic Management.

Brian Arrington is an Advisor with Deloitte Advisory’s Transactions and Business Analytics (DTBA) practice, helping clients address regulatory issues and risks concerning BSA/AML and OFAC compliance, economic sanctions, and financial crimes. He has over 20 years of experience within the financial services industry in both public and private sectors. Brian has served in various roles including: Senior BSA/AML Examiner with the Federal Reserve Bank of Chicago; Manager with Deloitte, LLP’s Regulatory Consulting practice; BSA/AML and OFAC Compliance Officer and process coordinator for a large bank in the Chicagoland area; corporate account and consumer data management liaison for one of the three primary US consumer credit bureaus; and, various roles with consumer credit card fraud prevention and investigations. Throughout his career in the financial services industry, Brian has advised financial institutions and service providers on compliance matters; fraud risk management and controls; policies, procedures, and operations management strategies; and, the process integration of BSA/AML and OFAC Information Technology solutions.

Brian has also served on ACAMS’ Editorial and Educational Committees since 2013, written a number of articles for ACAMS Today magazine, and participated on panels at both ACAMS’ Annual and International AML & Financial Crime Conferences. He received his Master of Business Administration (MBA) from the Kellstadt Graduate School of Business, DePaul University, and is a Certified Anti-Money Laundering Specialist (CAMS).

Michael Grossman is a Director within the Global Consumer Bank’s, AML Compliance Risk Management group. Michael is responsible for providing support to the US retail, small business and commercial customer segments to enable enterprise-wide compliance with the Bank Secrecy Act and all global and regional anti-money laundering rules and regulations. In additional, Michael also provides governance and oversight in support of Citibank’s currency transactions reporting obligations. Prior to joining Citibank, Michael worked for Wells Fargo Bank, N.A. as a Regional Senior Compliance Officer responsible for providing AML-related compliance support to the U.S. portfolio of financial institution clients within Wells Fargo’s Global Financial Institutions Group. Michael has also assisted in the development and completion of comprehensive AML risk assessment of retail, small business and wealth management lines of business that included the identification of assessing inherent risk, evaluating controls, determining residual risk and implementing additional risk mitigation processes. Michael has lead the preparation for numerous BSA supervisory exams, internal audits and routinely provides guidance to transaction surveillance analysts concerning new and existing high profile client investigations. Michael earned a degree in economics from Illinois State University and an MBA from DePaul University and is a certificated Certified Anti-Money Laundering Specialist and Certified Fraud Examiner.